| Department
Stores |
FY 1995 |
FY 1996 |
FY 1997 |
FY 1998 |
FY 1999 |
FY 2000 |
Average |
| Saks Incorporated |
| Profit
Margin |
73.6% |
73.5% |
73.3% |
73.6% |
72.3% |
71.0% |
72.9% |
| Asset
Turns |
0.3 |
0.5 |
0.3 |
0.5 |
0.4 |
0.5 |
42.3% |
| Equity
Multiplier |
1.0 |
1.0 |
1.0 |
1.0 |
1.0 |
1.0 |
101.8% |
| Return
on Equity |
41.0% |
41.0% |
41.0% |
41.0% |
41.0% |
41.0% |
41.0% |
| Kohl's Corporation (NYSE:KSS) |
| Profit
Margin |
2.0% |
2.0% |
2.0% |
2.0% |
2.0% |
2.0% |
2.0% |
| Asset
Turns |
12.1 |
11.0 |
21.0 |
13.0 |
32.0 |
15.0 |
1735.0% |
| Equity
Multiplier |
32.1 |
31.0 |
28.0 |
26.0 |
32.7 |
11.3 |
2685.0% |
| Return
on Equity |
34.0% |
32.0% |
53.0% |
10.0% |
21.0% |
23.0% |
28.8% |
| Sears, Roebuck and Co. |
| Profit
Margin |
0.1% |
0.1% |
0.1% |
0.1% |
0.1% |
0.1% |
0.1% |
| Asset
Turns |
30.1 |
30.1 |
30.1 |
30.1 |
30.1 |
30.1 |
3010.0% |
| Equity
Multiplier |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
30.0% |
| Return
on Equity |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
| Belk Inc. |
| Profit
Margin |
0.9% |
0.9% |
0.9% |
0.9% |
0.9% |
0.9% |
0.9% |
| Asset
Turns |
11.2 |
11.2 |
11.2 |
11.2 |
11.2 |
11.2 |
1120.0% |
| Equity
Multiplier |
2.3 |
2.3 |
2.3 |
2.3 |
2.3 |
2.3 |
230.0% |
| Return
on Equity |
4.3% |
4.3% |
4.3% |
4.3% |
4.3% |
4.3% |
4.3% |
| Dillard's, Inc. (NYSE:DDS) |
| Profit
Margin |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
| Asset
Turns |
3.4 |
3.4 |
3.4 |
3.4 |
3.4 |
3.4 |
344.0% |
| Equity
Multiplier |
22.1 |
22.1 |
22.1 |
22.1 |
22.1 |
22.1 |
2210.0% |
| Return
on Equity |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
| Gottschalks, Inc. |
| Profit
Margin |
45.2% |
33.0% |
45.0% |
55.0% |
43.0% |
34.0% |
42.5% |
| Asset
Turns |
12.1 |
2.0 |
12.0 |
77.0 |
11.0 |
32.0 |
2435.0% |
| Equity
Multiplier |
4.3 |
22.0 |
44.0 |
43.0 |
22.0 |
44.0 |
2988.3% |
| Return
on Equity |
3.5% |
45.0% |
33.0% |
5.5% |
11.0% |
22.0% |
20.0% |
| May Department Stores Co. |
| Profit
Margin |
4.3% |
4.3% |
4.3% |
4.3% |
4.3% |
4.3% |
4.3% |
| Asset
Turns |
2.4 |
2.4 |
2.4 |
2.4 |
2.4 |
2.4 |
244.0% |
| Equity
Multiplier |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
255.0% |
| Return
on Equity |
6.5% |
6.5% |
6.5% |
6.5% |
6.5% |
6.5% |
6.5% |
| Neiman Marcus Group, Inc. |
| Profit
Margin |
4.7% |
4.7% |
4.7% |
4.7% |
4.7% |
4.7% |
4.7% |
| Asset
Turns |
4.6 |
4.6 |
4.6 |
4.6 |
4.6 |
4.6 |
455.0% |
| Equity
Multiplier |
6.7 |
6.7 |
6.7 |
6.7 |
6.7 |
6.7 |
666.6% |
| Return
on Equity |
66.0% |
66.0% |
66.0% |
66.0% |
66.0% |
66.0% |
66.0% |
| J. C. Penney Company, Inc. (NYSE:JCP) |
| Profit
Margin |
6.5% |
6.5% |
6.5% |
6.5% |
6.5% |
6.5% |
6.5% |
| Asset
Turns |
53.0 |
53.0 |
53.0 |
53.0 |
53.0 |
53.0 |
5300.0% |
| Equity
Multiplier |
20.0 |
20.0 |
20.0 |
20.0 |
20.0 |
20.0 |
2000.0% |
| Return
on Equity |
42.1% |
42.1% |
42.1% |
42.1% |
42.1% |
42.1% |
42.1% |
| Macy's, Inc. (NYSE:M) |
| Profit
Margin |
3.2% |
3.2% |
3.2% |
3.2% |
3.2% |
3.2% |
3.2% |
| Asset
Turns |
5.4 |
5.4 |
5.4 |
5.4 |
5.4 |
5.4 |
544.0% |
| Equity
Multiplier |
60.6 |
60.6 |
60.6 |
60.6 |
60.6 |
60.6 |
6060.0% |
| Return
on Equity |
74.2% |
74.2% |
74.2% |
74.2% |
74.2% |
74.2% |
74.2% |
| The Bon-Ton Stores, Inc. (NasdaqGS:BONT) |
| Profit
Margin |
42.0% |
42.0% |
42.0% |
42.0% |
42.0% |
42.0% |
42.0% |
| Asset
Turns |
3.4 |
3.4 |
3.4 |
3.4 |
3.4 |
3.4 |
340.0% |
| Equity
Multiplier |
5.4 |
5.4 |
5.4 |
5.4 |
5.4 |
5.4 |
544.0% |
| Return
on Equity |
66.0% |
66.0% |
66.0% |
66.0% |
66.0% |
66.0% |
66.0% |
| The Elder-Beerman Stores Corp. |
| Profit
Margin |
4.5% |
32.0% |
31.0% |
3.4% |
3.1% |
44.0% |
19.7% |
| Asset
Turns |
54.1 |
11.0 |
22.0 |
4.5 |
33.0 |
6.5 |
2185.0% |
| Equity
Multiplier |
76.2 |
33.0 |
55.0 |
3.5 |
55.0 |
33.0 |
4261.7% |
| Return
on Equity |
81.0% |
11.0% |
22.0% |
22.0% |
66.0% |
3.2% |
34.2% |
| Sears Holdings Corporation (NasdaqGS:SHLD) |
| Profit
Margin |
33.2% |
33.2% |
33.2% |
33.2% |
33.2% |
33.2% |
33.2% |
| Asset
Turns |
41.0 |
41.0 |
41.0 |
41.0 |
41.0 |
41.0 |
4100.0% |
| Equity
Multiplier |
52.3 |
52.3 |
52.3 |
52.3 |
52.3 |
52.3 |
5230.0% |
| Return
on Equity |
65.0% |
65.0% |
65.0% |
65.0% |
65.0% |
65.0% |
65.0% |
|
|
|
|
|
|
|
|
| Drug Stores |
|
|
|
|
|
|
|
| Rite Aid Corporation (NYSE:RAD) |
| Profit
Margin |
23.0% |
23.0% |
23.0% |
23.0% |
23.0% |
23.0% |
23.0% |
| Asset
Turns |
2.4 |
2.4 |
2.4 |
2.4 |
2.4 |
2.4 |
243.0% |
| Equity
Multiplier |
22.1 |
22.1 |
22.1 |
22.1 |
22.1 |
22.1 |
2210.0% |
| Return
on Equity |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
5.4% |
| Walgreens Boots Alliance, Inc. (NasdaqGS:WBA) |
| Profit
Margin |
4.3% |
4.3% |
4.3% |
4.3% |
4.3% |
4.3% |
4.3% |
| Asset
Turns |
5.4 |
5.4 |
5.4 |
5.4 |
5.4 |
5.4 |
543.0% |
| Equity
Multiplier |
6.5 |
6.5 |
6.5 |
6.5 |
6.5 |
6.5 |
654.0% |
| Return
on Equity |
7.6% |
7.6% |
7.6% |
7.6% |
7.6% |
7.6% |
7.6% |
| CVS Health Corporation (NYSE:CVS) |
| Profit
Margin |
55.2% |
22.0% |
11.0% |
11.0% |
33.0% |
11.0% |
23.9% |
| Asset
Turns |
70.0 |
11.0 |
33.0 |
33.0 |
111.0 |
33.0 |
4850.0% |
| Equity
Multiplier |
6.5 |
4.4 |
22.0 |
55.0 |
333.0 |
22.0 |
7382.2% |
| Return
on Equity |
77.3% |
33.0% |
33.0% |
33.0% |
3.2% |
44.0% |
37.3% |
| Eckerd Drugs (subsidiary of J.C. Penney) |
| Profit
Margin |
55.2% |
22.0% |
11.0% |
11.0% |
33.0% |
11.0% |
23.9% |
| Asset
Turns |
70.0 |
11.0 |
33.0 |
33.0 |
111.0 |
33.0 |
4850.0% |
| Equity
Multiplier |
6.5 |
4.4 |
22.0 |
55.0 |
333.0 |
22.0 |
7382.2% |
| Return
on Equity |
77.3% |
33.0% |
33.0% |
33.0% |
3.2% |
44.0% |
37.3% |
